scholarly journals Risk management method for small photovoltaic plants

2016 ◽  
Vol 11 (3) ◽  
pp. 498-512
Author(s):  
Milena Kirova ◽  
Preslava Velikova
Keyword(s):  
Risk Management ◽  
State Energy ◽  
Renewable Energy Sources ◽  
Photovoltaic Systems ◽  
Energy Field ◽  
Analysis And Evaluation ◽  
Management Method ◽  
Regulatory Commission ◽  
Photovoltaic Plants

Abstract Risk management is necessary for achieving the goals of the organization. There are many methods, approaches, and instruments in the literature concerning risk management. However, these are often highly specialized and transferring them to a different field can prove difficult. Therefore, managers often face situations where they have no tools to use for risk management. This is the case with small photovoltaic plants (according to a definition by the Bulgarian State Energy and Water Regulatory Commission small applies to systems with a total installed power of 200 kWp). There are some good practices in the energy field for minimizing risks, but they offer only partial risk prevention and are not sufficient. Therefore a new risk management method needs to be introduced. Small photovoltaic plants offer plenty of advantages in comparison to the other renewable energy sources which makes risk management in their case more important. There is no classification of risks for the exploitation of small photovoltaic systems in the available literature as well as to what degree the damages from those risks could spread. This makes risk analysis and evaluation necessary for obtaining information which could aid taking decisions for improving risk management. The owner of the invested capital takes a decision regarding the degree of acceptable risk for his organization and it must be protected depending on the goals set. Investors in small photovoltaic systems need to decide to what degree the existing risks can influence the goals previously set, the payback of the investment, and what is the acceptable level of damages for the investor. The purpose of this work is to present a risk management method, which currently does not exist in the Bulgaria, so that the risks and the damages that could occur during the exploitation of small photovoltaic plants could be identified and the investment in such technology – justified.

scholarly journals The Concept of Multiple Impacts of Renewable Energy Sources: A Critical Review

Energies ◽  
2021 ◽  
Vol 14 (11) ◽  
pp. 3183
Author(s):  
Michaela Makešová ◽  
Michaela Valentová
Keyword(s):  
Renewable Energy ◽  
Energy Policy ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
The European Union ◽  
Multiple Impacts ◽  
Energy Field ◽  
Full Picture ◽  
The Difference ◽  
Social Environmental

Reaching climate neutrality by 2050 is one of the main long-term objectives of the European Union climate and energy policy, and renewable energy sources (RES) are integral parts of this transition. RES development results in many effects, direct and indirect, linked to each other, societal, local and individual, i.e., “multiple impacts of RES” (MI RES). These effects need to be carefully assessed and evaluated to obtain the full picture of energy field transformation and its context, and enable further development of RES. Nevertheless, the MI RES concept is often presented misleadingly and its scope varies throughout the literature. This paper provides a literature overview of the methodologies of this concept and presents a new concept of MI RES, respecting the difference between effects resulting from the implementation of RES and ultimate multiple impacts. We have summarized the effects into four groups: economic, social, environmental, and technical, which all lead to group of ultimate multiple impacts. Finally, we provide the complex overview of all MI RES and present the framework, which is used to analyze the multiple impacts and effects of RES and to show how the RES development leads and contributes to these impacts and effects. The concept is recommended to be considered in designing a robust energy policy by decision-makers.

scholarly journals An Approach to Sustainability Risk Assessment in Industrial Assets

2021 ◽  
Vol 13 (12) ◽  
pp. 6538
Author(s):  
Fco. Javier García-Gómez ◽  
Víctor Fco. Rosales-Prieto ◽  
Alberto Sánchez-Lite ◽  
José Luis Fuentes-Bargues ◽  
Cristina González-Gaya
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Asset Management ◽  
Analysis And Evaluation ◽  
The People ◽  
Preliminary Study ◽  
Assessment Procedures ◽  
Identification Analysis ◽  
A Company ◽  
Industrial Company

Asset management, as a global process through which value is added to a company, is a managerial model that involves major changes in strategies, technologies, and resources; risk management; and a change in the attitude of the people involved. The growing commitment of companies to sustainability results in them applying this approach to all their activities. For this reason, it is relevant to develop sustainability risk assessment procedures in industrial assets. This paper presents a methodological framework for the inclusion of sustainability aspects in the risk management of industrial assets. This approach presents a procedure to provide general criteria, methodology, and essential mandatory requirements to be adopted for the identification, analysis, and evaluation of sustainability aspects, impacts, and risks related to assets owned and managed by an industrial company. The proposed procedure is based on ISO 55,000 and ISO 31,000 standards and was developed following three steps: a preliminary study, identification of sustainability aspects and sustainability risks/opportunities, and impact assessment and residual risks management. Our results could serve as a model that facilitates the improvement of sustainability analysis risks in industrial assets and could be used as a basis for future developments in the application of the standards to optimize management of these assets.

CLASSIFICATION OF PRODUCTION RISKS OF AN INDUSTRIAL ENTERPRISE

2021 ◽  
pp. 26-30
Author(s):  
V. F. Bezjazychnyi ◽  
E. V. Kiselev ◽  
V. A. Troshkin
Keyword(s):  
Risk Management ◽  
Management System ◽  
Industrial Enterprise ◽  
Management Systems ◽  
Enterprise Management ◽  
Industrial Enterprises ◽  
Main Production ◽  
Enterprise Management System ◽  
Production Risks

Improvement of modern management systems for industrial enterprises involves the active use of risk management methods that are accompanied by their activities. Issues of production risks and their place in the General enterprise management system are discussed in the article. There is a classification of the main production risks and possible risk management methods applicable in the activities of an industrial enterprise.

scholarly journals Typology of metro structures for the tasks of geotechnical risk classification

2021 ◽  
Vol 6 (1) ◽  
pp. 52-60
Author(s):  
E. V. Potapova
Keyword(s):  
Risk Management ◽  
Quality Management System ◽  
Risk Identification ◽  
Physical Origin ◽  
Modern Enterprise ◽  
Construction Activity ◽  
Construction Organization ◽  
Composition Properties ◽  
Enterprise Activity

Risk management is an important part of a modern enterprise activity. Currently, risk management should be included in the overall quality management system of a construction organization. Geotechnical construction, for instance, construction of metro, should also be carried out taking into account possible risks. Metro construction is connected with a number of uncertainties related to enclosing rock mass conditions, and specific geotechnical risks, which can lead to materialization of hazards with various consequences. Predicting possible hazards at all stages of a metro structure life cycle requires the ability to manage risks. The effectiveness of risk management requires detailed risk identification, which precedes the stage of determining the probability of risk (the risk assessment stage). To identify an object, it is required to determine its composition, properties, physical origin. The method of such risk cognition with division into groups through determining the essential features (grounds) is classification. To date, different classifications of risks in construction activity have been developed. The paper discusses various approaches to the classification of risks in underground construction, analyzes the feasibility of adapting these classifications to the analysis of geotechnical risks in the construction of metro facilities. The principles of classification of geotechnical risks were proposed. The typology of metro structures has been substantiated as the basis for the classification of geotechnical risks in the construction of metro facilities. The results of the development of a general form for classification of geotechnical risks during a metro construction have been presented.

Formation of a system of risk-based internal control in educational organizations

2021 ◽  
Vol 20 (12) ◽  
pp. 2324-2344
Author(s):  
Tat'yana A. POZHIDAEVA
Keyword(s):  
Risk Management ◽  
Internal Control ◽  
University Management ◽  
Educational Organizations ◽  
Educational Organization ◽  
Effective System ◽  
The University ◽  
Traditional Approaches

Subject. The article investigates the construction of a system of risk-oriented internal control of educational organizations’ activities. Objectives. The purpose is to develop a classification of risks associated with various activities of an educational organization, identify entities of internal control responsible for risk management, create a portfolio and risk register that serve as a basis for organizing an effective system of risk-oriented internal control and improving the quality of university management. Methods. The study draws on methods of detailing, observation, generalization, comparison, classification, etc. Results. Using the university case, I disclose approaches to risk classification, considering the specifics of educational organization's activities, the formation of a passport and risk register, enabling through internal control tools to identify opportunities for their mitigating and to make appropriate management decisions. Conclusions. It is possible and advisable to apply a risk-based approach to the organization of internal control in an educational organization along with traditional approaches that are aimed at identifying violations of the requirements of legitimate, targeted and rational spending of budgetary and extra-budgetary funds. It is necessary to classify and assess risks associated with various activities of an educational organization, to monitor the implementation of risk management initiatives.

USE OF PHOTOELECTRIC MODULES WITH DOUBLE-SIDED RECEIVING SURFACE FOR SMALL GENERATION UNITS

2021 ◽  
pp. 93-100
Author(s):  
V. V. Kuvshinov ◽  
E. A. Bekirov ◽  
E. V. Guseva
Keyword(s):  
Solar Cells ◽  
Energy Storage ◽  
Solar Energy ◽  
Power Plants ◽  
Storage Systems ◽  
Renewable Energy Sources ◽  
Experimental Studies ◽  
Electrical Energy ◽  
Photovoltaic Systems ◽  
Energy Storage Systems

In the presented work, the possibility of using photovoltaic silicon panels with a double-sided arrangement of solar cells on the front and back sides is presented. With a lack of space for placing solar panels, these types of modules can significantly increase the generation of electrical energy. Equipping photovoltaic systems with rechargeable batteries contributes to a more rational consumption of electrical energy, while energy storage systems significantly increase the efficiency of solar generating systems. The proposed designs are intended to increase the power characteristics of solar energy converters in the winter months, in the presence of snow or when using reflective surfaces on road surfaces. The results of the experimental studies have shown a significant efficiency of the proposed designs, as well as an increase in the total generation of electrical energy. With the development of the global technical potential and a significant increase in the production of power plants for solar energy, a new opportunity has emerged to use combined solar plants for photovoltaic conversion of the flux of incident solar radiation. At the Department of Renewable Energy Sources and Electrical Systems and Networks at Sevastopol State University, at the site of the Institute of Nuclear Energy and Industry, a photovoltaic installation was developed and studied, consisting of two side silicon solar cells and energy storage systems. The article presents the results of experimental and theoretical studies, presents diagrams, drawings and graphs of various characteristics of the FSM-110D photovoltaic panel and storage batteries. The research results show the increased efficiency of the proposed installation, as well as a good possibility of using the presented photovoltaic systems to provide them with autonomous and individual consumers living in the Crimean region and the city of Sevastopol.

Classification of micro/nano biological surface/interface energy field effect from mechanical perspective

2022 ◽  
pp. 21-34
Author(s):  
Deyuan Zhang ◽  
Huawei Chen ◽  
Yonggang Jiang ◽  
Jun Cai ◽  
Lin Feng ◽  
...  
Keyword(s):  
Field Effect ◽  
Interface Energy ◽  
Energy Field ◽  
Biological Surface

Key Neutralization Tools for Risks of Banks and Insurance Companies Integration

2017 ◽  
Vol 2017 (1) ◽  
pp. 101-122
Author(s):  
Oleg Averchenko
Keyword(s):  
Risk Management ◽  
Financial Institutions ◽  
The State ◽  
Insurance Companies ◽  
Internal Environment ◽  
Prudential Supervision ◽  
Positive Effects

Integration of banks and insurance companies along with positive effects for the state, clients and shareholders, also brings about specific risks. Functioning of financial institutions is exposed to the influence of external and internal environment, manifested in a number of risks finding the expression in corresponding threats. The article examines the risks of banks and insurance companies’ integration together with the main instruments of their neutralization. The author offers classification of risks of insurance companies and banks integration by its level and develops the tools to prevent and neutralize the risks of integration. The tools to prevent and neutralize the risks of insurance companies and banks integration are as follows: internal risk management; prudential supervision and regulation.

THE METHODOLOGICAL VALUE OF THE CLASSIFICATION IN THE COMPANY FINANCIAL RISK MANAGEMENT SYSTEM

2020 ◽  
Author(s):  
A.A. Fathulin ◽  
N. A. Fathulina ◽  
S. N. Basova
Keyword(s):  
Risk Management ◽  
Management System ◽  
Financial Risk ◽  
Methodological Approach ◽  
Financial Risks ◽  
Risk And Uncertainty ◽  
Financial Risk Management ◽  
Risk Management System

The complexity of understanding the nature of risks, as well as the diversity of their types and manifestations, including financial risks, requires the use of a methodological approach to their classification. Classification of financial risks is of particular importance in the company's activities in order to effectively manage them. The article analyzes the concepts of "risk" and "uncertainty", and provides risk classifications for various reasons. It is concluded that it is possible to control and manage risks through comprehensive accounting and, accordingly, prevention of various types of threats and uncertainties in the company's activities.

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